Show FINANCIAL STRINGENCY That the financial stringency which at present is more or less affecting af affecting af- af feeling the live stock markets of the I country and other business will wUl not materially Improve until after the presidential election this fall and after after after af af- ter the fall tall crop movement Is the opinion of Chares G. G Smith well known Denver commission man who returned Sunday evening from an eastern trip of several weeks duration duration dura dura- tion Uon says the Record Mr Smith visited friends and rel rel- relatives relatives in Illinois stopped in Chicago where he attended the annual convention convention convention con con- of ot the National Live St Stock Exchange and looked over the livestock livestock livestock live live- stock situation visited St. St Paul aul and Minneapolis flan Minn and stopped over at Omaha on the way home to sound conditions there T The e general opinion among fi financial 11 men of the east seems tobe to tobe tobe be that the money situation will wUl not Improve much until after atter the crops are moved this fall said Mr Smith will Crops undoubtedly be belarge belarge belarge large all over the country and the railroads are now making efforts to I assemble lh their ir equipment to I I tate tats such movement but bat that they ther- have a big job on their hands I ii conceded everywhere There are said to be of or bushels of or wheat of ot last laM years year's crop not yet moved mo In Iowa and other central states slates a supply which cannot be moved because of shortage of cars It seems to be the general impression impression impression im im- im- im that the financial stringency which is just now affecting conditions conditions conditions condi condi- is largely the result of or the railroad railroad rail rail- road rood situation Freight Is Ls tied up at terminals by the thousands thousands thou thou- sands of carloads and has been so tied up for months Naturally the merchant cannot put his on IQ the shelf and turn them thew to s secure ure urethe the money to make more purchases and the first step therefore in the opinion of business men of the East Eastis I is to s secure ure Improvement In railroad conditions It seems to be the general opinIon opinion opinion ion that this up tie-up of the railroads would have hae occurred even had the railroads railroads' remained In gov government c control and is not due to the he Wet Ct as some charge that they were ere returned returned returned re re- re- re turned to private ownership As a matter of fact the roads were returned return return- ed without adequate equipment the they had all aU over the coun coon I try and with no money to make needed Improvements The present situation was therefore inevitable Mr Smith reports crop conditions in the East excellent Corn Is a little late said he but I 1 never saw it so clean Present are are for an excellent yield Pastures are good and wheat barley oats and other crops are in splendid condi condi- tion On Ott many of ot the farms of Iowa Illinois and other eastern states there Is a very apparent shortage shortage shortage short short- age of ive lye stock but the money situation situation situation sit sit- prevents heavy stocking up Mr Smith says the meeting of ot the National Live Stock Exchange was well attended and much Important business was transacted Among other matters chatters of importance was the adoption of a resolution putting the exchange on record as aa in favor of ot making passenger traffic bear its share of any Increase in revenues necessary to rehabilitate of railroads It seemed to be the general opinion of those present that Increased freight rates are are bound to come Lut t the exchange is determined that freight shall not l bear ear all of the burden burden burden bur bur- den and the passenger traffic none as seems to be the Idea of some som so mo of the railroads I |